A GoTo spokesperson declined to comment, while Grab didn’t respond to emails and messages requesting comment.
Singaporean ride and delivery firm Grab Holdings is in talks to raise a loan of as much as US$2 billion ($2.68 billion) to back its potential takeover of Indonesia-based rival GoTo Group, according to people familiar with the matter.
The so-called bridge loan could have a tenor of about 12 months, said the people, who asked not to be identified discussing private matters. Talks with banks are in early stages and details could be subject to change, the people added.
